Accenture revenues up 1 percent to $8 billion in Q1 of fiscal 2016

IT services provider Accenture said its revenues — mainly driven by Americas — rose 1 percent to $8 billion in the first quarter of fiscal 2016, ended November 30, 2015.

Operating income grew 3 percent to $1.22 billion.

“We will continue to focus on rotating our business to digital, cloud and security services — high-growth areas that are clearly differentiating us in the marketplace and contributing to our strong growth,” said Pierre Nanterme, Accenture’s chairman and CEO.

Net income of Accenture increased marginally to $869 million from $892 million.
Attrition rate for Accenture for the first quarter of fiscal 2016 was 13 percent, compared with 14 percent for the fourth quarter of fiscal 2015 and 13 percent for the first quarter of fiscal 2015.